Lookonchain
A Bitcoin OG sold the remaining 1,000 BTC for $65.56 million, completing the liquidation of a 5,000 BTC position. The holder began selling on Nov. 26, 2024 and exited the full position for about $435.75 million at an average price near $87,151 per BTC.
Why it matters
The holder acquired the 5,000 BTC for $1.66 million at $332 per coin 12 years ago. The completed exit locked in roughly $434 million in profit, equal to a 262x return.
The sale is a significant profit-taking event from a long-term Bitcoin holder and closes the position in full.
Market impact
The final transaction placed another 1,000 BTC into the market, representing $65.56 million in realized selling. It completes the OG's disposal rather than starting a new round of sales from the same balance.
Frequently asked questions
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When did the Bitcoin OG begin selling the position?
The holder began selling the 5,000 BTC position on Nov. 26, 2024.
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How much did the holder originally pay for the 5,000 BTC?
The position cost $1.66 million in total, with Bitcoin acquired at $332 per coin 12 years ago.
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What was the average sale price for the Bitcoin position?
The full 5,000 BTC position was sold at an average price of approximately $87,151 per BTC.
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How much profit did the Bitcoin OG realize?
The completed exit generated roughly $434 million in profit, equal to a 262x return on the original cost.
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Why was the final 1,000 BTC sale significant?
The $65.56 million sale closed the holder's entire 5,000 BTC position and completed a major long-term-holder profit-taking event.
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